SK Hynix, Micron Join $1 Trillion Market Cap Club
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time. Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Ludlow in San Francisco.
This is Bloomberg Tech. Coming up, Mike Cronin and SK Hynix join the $1 trillion market cap club all about the memory.
Plus, Taiwanese prosecutors suspect three individuals of smuggling NVIDIA chips to China through Japan.
And we speak...
Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Ludlow in San Francisco.
This is Bloomberg Tech. Coming up, Micron and SK Hynix join the $1 trillion market cap club all about the memory.
Plus, Taiwanese prosecutors suspect three individuals of smuggling NVIDIA chips to China through Japan.
And we speak with XPRIZE founder and early SpaceX investor Peter Diamandis as SpaceX celebrates a major Starship milestone.
And meanwhile, we still think about what space is doing to the public markets, but more broadly, the public markets just taking a bit of a breather today. We're looking at what's happening in terms of semiconductors in particular. It has been a fiery ride higher. In the last five trading days, we'd added 13% to this benchmark. Today, we pull back a little bit, but there are notable players within the chip sector that you've got to keep your eyes trained on. It's all about the power, the muscle of high bandwidth memory. And of course, it sent Micron soaring. We're still holding on to the day's gains. We're up three tenths of a cent, but it was all about yesterday's market moves and those that happened in Asia as well, Ed.
So that brings us to today's big number, $1 trillion and climbing. Memory chip giants SK Hynix and Micron have now joined the $1 trillion market cap club and see continued momentum as investors pile into some of the companies that are powering the AI boom. Let's get more with Bloomberg Equities reporter Ryan Vlastelica. It's been a number of days now where we've been trying to look at what's happening. Ryan, with the memory names in particular. Micron was the case study because of that UBS note, which you can remind us of. But generally speaking, what is happening across memory, not just in U.S. markets, but of course in Korean markets as well? Well, there's been a
huge and growing appreciation of how central high bandwidth memory is to the overall AI infrastructure build out. These companies have seen absolutely massive demand and absolutely massive growth. I think Micron's revenue nearly tripled last quarter, which was I think the fastest pace of growth going back to, I think, the 1990s. So absolutely just staggering levels of demand for these types of chips, all of which are being used in the AI infrastructure. And that is really translating in a pretty direct way to the stock prices. I think Micron is up more than 70% in May by itself, which is the biggest one-month jump since December 1987. Just to give you a sense of just how quickly these stocks are moving up.
Let's look at about SK Hynix, how much it moved up in the May number as well. They've almost moved in lockstep. Both of them up 70% in the month of May. SK Hynix, Micron, both up more than 200% so far year to date.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–13:54
2
Why did SK Hynix and Micron join the $1 trillion market‑cap club?
13:54–15:53
3
How are high‑bandwidth memory chips driving the AI boom?
15:53–24:25
4
What did UBS say about Micron’s valuation and price target?
24:25–33:56
5
Why are Taiwanese prosecutors investigating Nvidia chip smuggling to China?
33:56–34:55
6
What are the implications of the Supermicro compliance investigation?
34:55–48:16
Speakers
12 identifiedMore from Bloomberg Tech
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